sush_834

 Profile Answers by sush_834 Questions by sush_834

• Oct 18th, 2009

Marginal costing is also known as "Direct costing" or Variable costing. In U.K it is called "Marginal Costing". It is an economic concept. Marginal cost is derived from the word "Margin".? It is the...

Answer Question  Select Best Answer

Archana subramaniam

 Profile Answers by Archana subramaniam Questions by Archana subramaniam

• Dec 15th, 2009

Debtors reconciliation is reconciling all the debts payable to the creditors.

Answer Question  Select Best Answer

Is letter of Credit recorded under Bank as restricted cash or under current assets?
Assume the company has deposited the funds into a CD to get the letter of credit. What is the JE to book it?

mmali1979

 Profile Answers by mmali1979 Questions by mmali1979

• Mar 16th, 2010

Dr. to Bank Gurantee A/cCr. to  Particular Bank A/c.Being Certain amount deposited in a bank  for bank Gurantee for certain time/period.Once transaction finished pls reversal the same entry.Dr. to Particular Bank A/cCr. To Bank Gurantee A/c

Answer Question  Select Best Answer

Lokesh M

 Profile Answers by Lokesh M Questions by Lokesh M

• Feb 7th, 2012

Evaluated Receipt Settlement also known as ERS is a business transaction process between trading parties. In this type of process, the PO information as well as the goods receipt information is used to make direct payment to the supplier without even receiving an invoice.

Answer Question  Select Best Answer

What are the advantages and disadvantages of the following methods of depreciation?1. Straight line method2. Reducing balance method3. Revaluation method4. Usage method5. Sum of digits method

khurram

• Mar 7th, 2012

You can choose whichever method you like however make sure you use according to the business you are running. If you want to use your expense in current period to generate extra income use double declining method. If you are not concerned about extra income use straight line method

Answer Question  Select Best Answer

anilrawatnokia

 Profile Answers by anilrawatnokia Questions by anilrawatnokia

• Sep 15th, 2010

JOC means Job Order Costing and is a part of Cost AccountingA job order costing system is used when a job or batch is significantlydifferent from other jobs or batches. Cost accounting is usually fair...

Answer Question  Select Best Answer

anilrawatnokia

 Profile Answers by anilrawatnokia Questions by anilrawatnokia

• Sep 15th, 2010

First of all you haven't mention which kind of invoice is missing.However the answer is that we will transfer the amount to the Suspense account.

Answer Question  Select Best Answer

Describe and discuss the relevance of the Fisher Effect and the Purchasing Power Parity theories to a foreign currency dealer in a merchant bank

vinay kidangan

• Mar 1st, 2012

Fisher Effect An economic theory proposed by economist Irving Fisher that describes the relationship between inflation and both real and nominal interest rates. The Fisher effect states that the real...

Answer Question  Select Best Answer

Mohamed Gazzali

• Oct 9th, 2011

The reason why rule of nominal account is opposite with the rule of personal and real account is that Nominal Accounts CANNOT be SEEN & TOUCHED. So it has a different application in Accounting logic. ...

Answer Question  Select Best Answer

What would you do if upper management issue a new policy and it was questionable to you? Would you follow the new policy?

sameer khan

• Nov 2nd, 2011

One should follow the policies of the company because it is an employee duty bt in case a particular policy is questionable then report the same to upper management and suggest them that if we amend this policy then our company will get more benefits.

Answer Question  Select Best Answer

Lokesh M

 Profile Answers by Lokesh M Questions by Lokesh M

• Feb 7th, 2012

Chargeback means refund / return of funds to the buyer. Here the bank reverts back the transaction between the buyer and seller when chargeback is initiated. A chargeback is initiated by the buyer w...

Answer Question  Select Best Answer

Lokesh M

 Profile Answers by Lokesh M Questions by Lokesh M

• Feb 7th, 2012

Some methods to allocate support cost are:

1. Direct Allocation Method
2. Step-Down Method (also known as Sequential Allocation Method)
3. Reciprocal Method

Answer Question  Select Best Answer

cyberfrau

 Profile Answers by cyberfrau Questions by cyberfrau

• Dec 2nd, 2011

As they would anywhere - problems arise when we do not conform to requirements. Having said that, sometimes problems arise because the requirements are not correct. Root cause analysis recommended.

Answer Question  Select Best Answer

Lokesh M

 Profile Answers by Lokesh M Questions by Lokesh M

• Feb 7th, 2012

- Gather, transfer and transmit complete information and details related to credit claims such as identification, assessment and valuation - Assign of identification numbers for the claim - Check eli...

Answer Question  Select Best Answer

sk.khadar mohiddin

• Feb 2nd, 2012

At first I would like to know what is the defective conditions the industry faced now. After that make to change the condition with effective manner. If i make the situations effective, automatically set the position of accountancy also.

Answer Question  Select Best Answer

A person conducts business of cell phone but unfortunately some cell phone is damage and are not able to sales.

He recorded this loss in books of account through this below general entry of loss amount.

Cost of sales account (Dr.)
Inventory account (Cr.)

Is the above entry correct or not?
If not then tell how will you record...

Salah

• Aug 26th, 2016

If the damage is immaterial, the JV is right but if it is material then you must raise another JV.

Answer Question  Select Best Answer

Procedure of Vat and its return filing with full details?

Dharmesh

• Mar 24th, 2013

Prepare 201 This is a summery of all purchase and all sales All purchase including folloiwng Taxable purchase on which In put tax credit is receivalbe Taxable purchase on which In put tax credit is n...

Answer Question  Select Best Answer

Hemant

• Mar 19th, 2014

Standard remittance is the part credit sales against any other documents.Bill receivable remittance is the part of credit through Bank.

Answer Question  Select Best Answer

Power Bhd is considering raising new finance by a right issues of 2million new ordinary shares of RM0.50 each at RM1.60. Currently the share price is RM1.80 and the issued ordinary share capital is RM8million. Shareholders are entitled to 2 new shares for every 8 shares held.

(a) How much will be raised by the new issues if issue cost are 3% of the gross proceeds?
(b) What will...

amit singh

• Oct 16th, 2013

Finance means it is the provision of money at the time when it is required for the business. its inflow and outflow of the business. without money their is money.

Answer Question  Select Best Answer

Can anybody give me example regarding trading applications i.e. what are the Sample Test Plan/Test Cases for trading applications???

Hemant

• Mar 19th, 2014

Trading application is the part of trading business.the business which transaction made none productable business.

Answer Question  Select Best Answer